Scott Horsley appears in the following:
How to make sense of the country's stunningly strong job market
Friday, October 06, 2023
U.S. employers added about twice as many jobs in September as forecasters expected. That's good for people looking for work, but the strong report could complicate the Fed's effort to curb inflation.
U.S. employers added far more jobs than anticipated in September
Friday, October 06, 2023
U.S. employers added 336,000 jobs last month — about twice as many as forecasters expected. It's good news for job-seekers, but could complicate the Federal Reserve's efforts to curb inflation.
The job market was stunningly strong in September
Friday, October 06, 2023
Employers added 336,000 jobs in September, far more than expected. It's good news for people looking for work, but the strong labor market could complicate the Fed's fight against inflation.
Consumer advocates warn about consequences of weakening the CFPB
Tuesday, October 03, 2023
A case now before the Supreme Court could dramatically weaken the Consumer Financial Protection Bureau. The challenge was brought by payday lenders.
Why many business owners would love it if you stopped using your credit card
Tuesday, September 26, 2023
The fees merchants pay for accepting credit cards are much higher in the U.S. than in Europe. Ice cream shop owner Victor Garcia, for example, paid more than $25,000 in swipe fees last year.
A new bill could reduce the fees shop owners are charged when customers swipe a card
Sunday, September 24, 2023
Retailers have long complained about so-called "swipe fees" on credit cards. And now there's a showdown in Congress that pits retailers against the credit card industry. What's at stake for shoppers?
Builders are finding ways to keep home prices in reach despite high interest rates
Thursday, September 21, 2023
Mortgage rates above 7% are weighing on the housing market. But some builders and buyers are finding workarounds. In some cases, that means choosing a little less space.
Fed holds interest rates steady... for now
Wednesday, September 20, 2023
The Federal Reserve held interest rates steady today, but hinted one more rate hike may be needed this year to bring inflation under control.
The Federal Reserve holds interest rates steady but hints at more action this year
Wednesday, September 20, 2023
The Federal Reserve left interest rates unchanged Wednesday, despite stubborn inflation, although it left the door open to an additional rate hike in November or December.
As the Fed prepares to meet, many economists say another rate hike is unlikely
Wednesday, September 20, 2023
The Federal Reserve is widely expected to hold interest rates steady on Wednesday. But investors will be on the lookout for any signals about what comes next.
How the UAW strike could have ripple effects across the economy
Saturday, September 16, 2023
There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.
How a UAW strike would impact the economy
Thursday, September 14, 2023
Unionized autoworkers are threatening to go on strike at midnight if no deal is reached with the Detroit carmakers. At first, economic fallout would be limited, but the costs would add up.
The Fed won't raise interest rates despite inflation uptick, some economists say
Wednesday, September 13, 2023
Inflation picked up a little steam last month, largely as a result of rising gas prices. The Federal Reserve is still expected to hold interest rates steady when policymakers meet next week.
4 reasons why your car insurance premium is soaring
Wednesday, September 13, 2023
The cost of car insurance has jumped more than 19% in the last year, far outpacing overall inflation. There are several reasons why that's happening.
4 things to know on Labor Day — from the Hot Labor Summer to the Hollywood strikes
Monday, September 04, 2023
Organized labor has scored some big victories this year, including new contracts at UPS. Can the winning streak continue?
Hiring has slowed down, but employers are still adding jobs and wages are rising
Saturday, September 02, 2023
Hiring has cooled in recent months. But that's not all bad. Employers are still adding jobs each month, and wages are still climbing.
Employers added jobs in August, but the unemployment rate went up
Friday, September 01, 2023
U.S. employers added 187,000 jobs in August. The unemployment rate rose, but only because hundreds of thousands of people came off the sidelines and started looking for work.
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
Friday, September 01, 2023
Employers added 187,000 jobs in August, while the unemployemnt rate rose to 3.8%. The data indicates a steady labor market heading into the Labor Day weekend.
Employers add enough jobs to keep the unemployment rate near a 50-year low
Friday, September 01, 2023
The Labor Department reports on job gains for July Friday morning. Forecasters expect the report to show a gradual cooling of the job market, with a still-low unemployment rate.
Millions of additional salaried workers could get overtime pay under Biden proposal
Wednesday, August 30, 2023
A proposal from the Labor Department would make an estimated 3.6 million salaried workers newly eligible for overtime pay. It covers workers earning less than $55,000 per year.